Stockwatch

PARKS AMERICA INC
Symbol	PRKA
Recent Sedar+ Documents

Parks! America, Inc. Reports Third Quarter Fiscal 2026 Financial Results

2026-08-07 16:05 ET - News Release

Management to host conference call on Monday, August 10, 2026, at 4:30 PM ET

PINE MOUNTAIN, Georgia, Aug. 07, 2026 (GLOBE NEWSWIRE) -- Parks! America, Inc. (OTCQX: PRKA), today announced its financial results for the third fiscal quarter ended June 28, 2026. The summary information in this press release should not be used as the sole basis for making investment decisions. We encourage shareholders to read our complete Form 10-Q, which has been posted on the Investor Info section of the Company’s website, www.parksamerica.com, for a complete view of the Company and its results.

Segment Financial Results for the 13 and 39 weeks ended June 28, 2026 and June 29, 2025

The Company manages its operations on an individual park location basis. Financial information regarding each of the Company’s reportable segments is summarized in the tables below for the periods indicated.

	For the 13 weeks ended June 28, 2026
	Georgia Park			Missouri Park			Texas Park			Consolidated
Total revenue	$	2,002,395		$	848,357		$	648,551		$	3,499,303
Less significant expense categories (1):
Cost of animal food, merchandise and food		319,342			94,850			67,458			481,650
Other revenue driven costs (2)		43,090			29,456			19,602			92,148
Personnel costs (3)		406,635			259,093			154,120			819,848
Advertising and marketing		67,162			51,150			70,739			189,051
Other segment expenses (4)		272,487			104,729			112,498			489,714
Segment income	$	893,679		$	309,079		$	224,134		$	1,426,892
Segment operating income (loss) as percentage of total revenue		44.6	%		36.4	%		34.6	%		40.8	%

	For the 13 weeks ended June 29, 2025
	Georgia Park			Missouri Park			Texas Park			Consolidated
Total revenue	$	1,999,462		$	656,191		$	820,267		$	3,475,920
Less significant expense categories (1):
Cost of animal food, merchandise and food		231,046			70,071			100,729			401,846
Other revenue driven costs (2)		40,946			12,848			15,462			69,256
Personnel costs (3)		381,265			196,445			169,849			747,559
Advertising and marketing		91,284			68,690			91,555			251,529
Other segment expenses (4)		266,251			91,388			109,141			466,780
Segment income	$	988,670		$	216,749		$	333,531		$	1,538,950
Segment operating income (loss) as percentage of total revenue		49.4	%		33.0	%		40.7	%		44.3	%

(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
(2) Other revenue driven costs include credit card fees and other revenue processing costs driven by sales volume.
(3) Personnel costs include fixed and variable wages, benefits and employer taxes.
(4) Other segment expenses include all other operating expenses, including animal expenses, park and vehicle maintenance costs, insurance, utilities, outside services, operating supplies and other miscellaneous expenses.

	For the 39 weeks ended June 28, 2026
	Georgia Park			Missouri Park			Texas Park			Consolidated
Total revenue	$	4,327,555		$	1,678,587		$	1,882,906		$	7,889,048
Less significant expense categories (1):
Cost of animal food, merchandise and food		619,144			186,049			252,067			1,057,260
Other revenue driven costs (2)		95,472			53,271			52,047			200,790
Personnel costs (3)		1,093,093			648,766			458,836			2,200,695
Advertising and marketing		249,736			179,635			241,467			670,838
Other segment expenses (4)		809,533			304,076			316,913			1,430,522
Segment income	$	1,460,577		$	306,790		$	561,576		$	2,328,943
Segment operating income as percentage of total revenue		33.8	%		18.3	%		29.8	%		29.5	%

	For the 39 weeks ended June 29, 2025
	Georgia Park			Missouri Park			Texas Park			Consolidated
Total revenue	$	4,156,567		$	1,320,280		$	1,771,552		$	7,248,399
Less significant expense categories (1):
Cost of animal food, merchandise and food		548,029			154,103			266,375			968,507
Other revenue driven costs (2)		83,191			25,759			34,875			143,825
Personnel costs (3)		1,000,819			524,466			528,620			2,053,905
Advertising and marketing		217,519			154,713			238,471			610,703
Other segment expenses (4)		835,851			286,912			354,606			1,477,369
Segment income	$	1,471,158		$	174,327		$	348,605		$	1,994,090
Segment operating income as percentage of total revenue		35.4	%		13.2	%		19.7	%		27.5	%

	For the 13 weeks ended						For the 39 weeks ended
	June 28, 2026			June 28, 2025			June 28, 2026			June 28, 2025
Consolidated segment income	$	1,426,892		$	1,538,950		$	2,328,943		$	1,994,090
Less:
Unallocated corporate expenses (1)		247,637			277,876			685,802			849,711
Depreciation and amortization		220,799			230,756			648,051			659,619
Contested proxy and related matters, net		—			(103,657	)		—			(670,814	)
Other operating expense (income), net		—			13,750			(3,799	)		13,698
Other (income), net		(17,454	)		(18,345	)		(59,331	)		(57,050	)
Interest expense		45,292			53,970			139,903			166,148
Income before income taxes	$	930,618		$	1,084,599		$	918,317		$	1,032,778

(1) Unallocated corporate expenses include corporate personnel costs, director fees and compensation, directors and officers insurance, computer software and services, professional fees and public company related expenses.

Additional Segment Data

	For the 13 weeks ended				For the 13 weeks ended
	June 28, 2026		June 28, 2025		June 28, 2026		June 28, 2025
Depreciation and amortization
Georgia Park	$	109,438	$	106,876	$	319,043	$	295,124
Missouri Park		51,718		55,332		152,860		163,413
Texas Park		59,228		68,134		174,903		199,840
Corporate		415		414		1,245		1,242
Total depreciation and amortization	$	220,799	$	230,756	$	648,051	$	659,619

	For the 13 weeks ended				For the 13 weeks ended
	June 28, 2026		June 28, 2025		June 28, 2026		June 28, 2025
Capital expenditures
Georgia Park	$	45,010	$	65,100	$	384,398	$	1,003,894
Missouri Park		43,451		30,364		90,535		63,887
Texas Park		25,332		—		70,693		114,068
Total capital expenditures	$	113,793	$	95,464	$	545,626	$	1,181,849

					As of
					June 28, 2026		September 28, 2025
Assets
Georgia Park					$	7,815,359	$	8,043,972
Missouri Park						3,560,214		3,299,882
Texas Park						8,414,466		8,135,982
Corporate						91,313		19,606
Total assets					$	19,881,352	$	19,499,442

Cash & short-term investments
Georgia Park					$	1,621,414	$	1,920,827
Missouri Park						1,235,125		888,745
Texas Park						1,486,087		1,053,298
Corporate						2,128		14,524
Total cash & short-term investments					$	4,344,754	$	3,877,394

Assets less cash & short-term investments
Georgia Park					$	6,193,945	$	6,123,145
Missouri Park						2,325,089		2,411,137
Texas Park						6,928,379		7,082,684
Corporate						89,185		5,082
Total assets less cash & short-term investments					$	15,536,598	$	15,622,048

Conference Call and Webcast Details

The Company will host a conference call to review its financial results for the third fiscal quarter ended June 28, 2026 on August 10, 2026, at 4:30 pm ET. The conference call will be webcast and can be accessed through the Investor Info section of the Company’s website, www.parksamerica.com.

Investors should email their questions to: invest@parksamerica.com. Please send your email questions as early as possible, and no later than 1 p.m. Eastern Time on Monday, August 10, 2026. We will take these email questions first and then live participants will be able to ask follow-up questions in the remaining time. A transcript of the call will be available on the Company’s website.

About Parks! America, Inc.

Parks! America, Inc. (OTCQX: PRKA), through its wholly owned subsidiaries, owns and operates three regional safari parks and is in the business of acquiring, developing and operating local and regional entertainment assets in the United States.

Additional information, including our Annual Report on Form 10-K for the fiscal year ended September 28, 2025, is available in the Investor Info section of the Company’s website, www.parksamerica.com.

Cautionary Note Regarding Forward Looking Statements

This news release may contain “forward-looking statements” within the meaning of U.S. securities laws. Forward-looking statements include statements concerning the Company’s future plans, business strategy, liquidity, capital expenditures, sources of revenue and other similar statements that are not historical in nature. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the Company’s expectations as of the date of this news release and speak only as of the date hereof. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results to differ significantly from those expressed or implied by such forward-looking statements. Readers are advised to consider the factors listed under the heading “Risk Factors” and the other information contained in the Company’s Annual Report on Form 10-K and other reports filed from time to time with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Contact:

John Grau
InvestorCom
(203) 972-9300
info@investor-com.com